Breast Lesion Localization Methods Market Size is Expected to Reach at USD 4.1 Billion by 2030, Registering a CAGR of 13.8%, Owing to Increasing Incidence of Breast Cancer
The Global Breast Lesion Localization Methods Market Size is predicted to reach USD 4.1 Billion by 2030 from USD 1.3 Billion in 2021, at a CAGR of 13.8% between 2022 and 2030, as per the Acumen Research and Consulting
Breast cancer is the most common cancer among women worldwide, and the leading cause of cancer deaths among women, according to the World Health Organization (WHO). Every year, around 2 million women are diagnosed with breast cancer, and approximately 627,000 women die from the disease. As a result, there is a growing need for breast lesion localization technologies that can detect and diagnose breast cancer in its early stages. Breast cancer's rising occurrence is a primary driver of the breast lesion localization market, as more people seek out these procedures to detect and diagnose the disease. However, the market is anticipated to continue rising as new technologies and techniques are developed, and as awareness about the importance of early breast cancer detection develops.
The breast lesion localization market is continually evolving, with new technologies and procedures being developed to improve the accuracy and effectiveness of breast cancer detection. Some of the most recent technologies include the use of radioactive seeds, magnetic resonance imaging (MRI), and ultrasound-guided wire localization. Moreover, the application of computer-aided detection (CAD) devices to improve mammography accuracy is becoming more popular. The market is predicted to expand further as new technologies and methodologies are developed, as well as public awareness of the value of early detection of breast cancer grows.
Breast Lesion Localization Methods Market Statistics
- Global breast lesion localization methods market value was worth USD 1.3 Billion in 2021, with a 13.8% CAGR from 2022 to 2030
- North America breast lesion localization methods market share occupied around 35.9% in 2021
- According to study, estimated 287,850 women in the United States will be treated with invasive breast cancer in 2021
- By type, the wire guided capture over 40.2% of total market share in 2021
- Rising awareness about the importance of early breast cancer detection, propels the breast lesion localization methods market size
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Breast Lesion Localization Methods Market Trends
The breast lesion localization methods Market is constantly evolving and is expected to grow significantly in the coming years. One of the current trends in the market is the adoption of minimally invasive techniques, such as radioactive seed localization and ultrasound-guided wire localization, to minimize the risk of complications and improve patient outcomes. These wireless localization methods are becoming increasingly popular due to their minimally invasive nature and improved patient outcomes. Another trend in the market is the use of computer-aided detection (CAD) systems. These systems are becoming increasingly popular as a way to enhance the accuracy of mammograms and are expected to play a key role in breast lesion localization in the future.
Breast lesion localization methods are techniques used to accurately locate and identify abnormal tissue or tumors within the breast, prior to surgical excision. These methods are important in the early detection and diagnosis of breast cancer, as they help to minimize the risk of complications and improve patient outcomes. Wire localization is a widely used technique that involves the use of a thin wire to mark the location of the abnormal tissue or tumor prior to surgery. The wire is inserted into the breast using a needle and then left in place, with the end protruding through the skin, to guide the surgeon to the exact location of the lesion during surgery.
Breast Lesion Localization Methods Market Segmentation
Acumen Research and Consulting has segmented the global breast lesion localization methods market by type.
- Based on the type, the industry is categorized into magnetic tracer, radioisotope (radioactive-seed localization (RSL), radio guided occult-lesion localization (ROLL), and others), wire guided, and others. According to the breast lesion localization methods market forecast, the wire guided segment is estimated to grow significantly over the next several years.
Breast Lesion Localization Methods Market Regional Overview
Geographically, the worldwide breast lesion localization methods market is segmented into Europe, Latin America, North America, Asia-Pacific, and the MEA. According to a breast lesion localization methods industry analysis, North America has the largest regional market and a considerable revenue share in 2021. The existence of well-established medical infrastructure and significant producers in the United States is expected to boost the North America expansion. Technological advancements, together with significant economic growth in this region, are also expected to enhance the market. Furthermore, countless actions by the government and business sector to raise awareness are expected to fuel the region's growth.
Asia-Pacific is predicted to expand the quickest during the projection period. This expansion is attributable to high unmet clinical demands, growing disposable income levels, and patient awareness of the importance of early detection. Furthermore, rapidly developing medical facilities and growing demand for breast-conserving surgery are likely to create a significant growth foundation for this region. The sector is also influenced by external factors, such as the rising medical tourism industry in Asia-Pacific emerging countries.
Breast Lesion Localization Methods Market Players
Some of the leading breast lesion localization methods market companies include the C.R. Bard, C.P. Medical, Cook Medical, SOMATEX Medical Technologies GmbH, Cianna Medical, Argon Medical Devices, Inc., among others. These global companies are concentrating on introducing innovative techniques such as global expansion, collaborations, acquisitions and mergers, new product development, and strategic partnerships to increase their share of the revenue.
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